Respond to the following in a minimum of 175 words:
This week, we consider how to conduct hypotheses test on one sample data. Discuss the concepts associated with these tests. Consider the following:
- The difference between a one tail and a two tailed test.
- The importance of stating the null and alternative hypotheses before conducting the test.
- The importance of a type one error (p) in conducting the test
- The relationship between the p value and our decision to accept or reject the null hypothesis